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Brookfield nears deal to take control of Reliance Infratel

Connectivity BusinessbyConnectivity Business
September 9, 2016
in Investments, Space Services
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Canada-based Brookfield Asset Management is reportedly close to sealing a deal to buy a majority stake in Indian telco Reliance Communications’ tower business Reliance Infratel. The Toronto-based alternative asset manager has reportedly lowered its valuation of the tower portfolio from Rs215bn (US$3.2bn) to about Rs165bn-Rs195bn (US$2.5bn-US$2.9bn). Canada-based Brookfield Asset Management (TSX:BAM.A) is reportedly close to sealing a […]

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Tags: AircelAsia PacificBrookfield Asset ManagementPremiumReliance Communications (RCOM)Reliance IndustriesReliance InfratelSistema Shyam Telelink (MTS India)TF248Tillman Global HoldingsTPG
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